Wyndham Vale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 18.75% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Wyndham Vale comes in at number 188th in VIC.
The most recent median price for Wyndham Vale is $475000, with sellers offering an average of -3.91% off the asking price.
Advertised rents are around the $350 mark per week – giving a return of 3.83% based on the median price in Suburb
Property investors who have had real estate in Wyndham Vale, 3024 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 46.34%
Wyndham Vale,3024 has offered an average of 46.34% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Wyndham Vale should be aiming for at least -2.30% off the asking price, which is the average vendor discount being achieved at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.04%, without taking into account capital value appreciation, which has been averaging out at 5.38%.
The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018Full summary
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Housing stock tightens
Median house price: $445,000
Stock on market: -52.0%
12-month growth: 17.1%
The large suburb of Wyndham Vale saw housing supply halved over a 12-month period when the number of houses dropped from 589 to just 280 from February 2017-2018.
This could have helped spur demand, as the suburb recorded a 17% price increase over the same period. Nonetheless, houses are still reasonably priced at a median value of under $450,000, a possible factor in how quickly these properties are selling on the market. The average time on market is just 39 days, reflecting Wyndham Vale’s popularity.
The suburb is home to several sports clubs, who make their bases at Wyndham Vale Reserve and President’s Park. Wyndham Vale is also an education hub, with four primary schools in the area. Residents have access to amenities like medical services.Close